Lake Tahoe East Shore Weekly Real Estate Market Statistics
March 2, 2010
What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore. I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports. The reason that I use this segment of the market is that it has the most influence on the general value trends.
This past week we saw another dip in Buyer Activity. I use the Market Activity Ratio to determine the current buyer activity which is the relationship between the Active Listings and Pending Sales. This past week the Market Activity Ratio did decrease from 13.2% to 12.6%. This is the result of the Listing inventory increasing by 2 as the Pending Sales decreased by 1.
There was 1 new sale this past week which was a condo on Quaking Aspen for a sale price $400,000. This decreased the 6 month Sales Average by .4% to $759,570. The YTD for sales in Nevada is now 21 sales and the Average Days On Market is 224 days. It is interesting to note that there is now 11 Short Sales which represents 47.8% of the Pending Sales. These escrows tend to accumulate over a 6 month period until they either close escrow or they are canceled.
| Status | Class | Type | Area | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| Active Listings | 183 | $399,931,026 | $2,185,415 | $749,000 | 320 | |||
| Listings Under Contract | 0 | $0 | $0 | $0 | 0 | |||
| Listings Sold 2010 | 21 | $9,541,050 | $454,336 | $449,000 | 221 | |||
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 29 | $8,923,100 | $307,693 | $265,000 | 312 | |||
| Upper Kingsbury | 5 | $4,746,500 | $949,300 | $649,000 | 388 | |||
| Mid Kingsbury | 8 | $7,862,000 | $982,750 | $572,500 | 342 | |||
| Lower Kingsbury | 5 | $8,297,000 | $1,659,400 | $1,850,000 | 157 | |||
| Lincoln Park | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 487 | |||
| Lake Village | 7 | $2,621,450 | $374,493 | $349,950 | 176 | |||
| Round Hill | 12 | $12,370,999 | $1,030,917 | $759,000 | 422 | |||
| Elk Point | 2 | $3,840,000 | $1,920,000 | $1,920,000 | 177 | |||
| Pinewild/Marla | 7 | $5,437,777 | $776,825 | $550,000 | 224 | |||
| Zephyr Heights/Knolls | 10 | $8,865,000 | $886,500 | $757,000 | 226 | |||
| Skyland/Tall Pn/Snug Harbor | 5 | $4,167,000 | $833,400 | $799,000 | 161 | |||
| Hidden Woods | 3 | $6,670,000 | $2,223,333 | $2,595,000 | 210 | |||
| Upper & Lower Lakeridge - LT | 4 | $4,434,000 | $1,108,500 | $1,145,000 | 372 | |||
| Cave Rock | 11 | $21,151,000 | $1,922,818 | $2,400,000 | 458 | |||
| Logan/Cedarbrok | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 876 | |||
| Glenbrk/Uppaway | 15 | $56,188,500 | $3,745,900 | $3,850,000 | 367 | |||
| Lakefront Propt | 17 | $202,862,500 | $11,933,088 | $4,995,000 | 443 | |||
| Sub Total | 142 | $364,626,826 | $2,567,795 | $967,000 | 333 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $779,000 | $389,500 | $389,500 | 4 | |||
| Lake Village | 3 | $1,348,000 | $449,333 | $350,000 | 6 | |||
| Pinewild/Marla | 1 | $2,198,000 | $2,198,000 | $2,198,000 | 6 | |||
| Sub Total | 6 | $4,325,000 | $720,833 | $450,000 | 6 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 1 | $649,000 | $649,000 | $649,000 | 170 | |||
| Sub Total | 1 | $649,000 | $649,000 | $649,000 | 170 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $634,900 | $317,450 | $317,450 | 129 | |||
| Upper Kingsbury | 1 | $649,000 | $649,000 | $649,000 | 339 | |||
| Round Hill | 1 | $549,000 | $549,000 | $549,000 | 283 | |||
| Glenbrk/Uppaway | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 368 | |||
| Lakefront Propt | 1 | $2,250,000 | $2,250,000 | $2,250,000 | 657 | |||
| Sub Total | 6 | $8,577,900 | $1,429,650 | $599,000 | 318 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $475,000 | $237,500 | $237,500 | 73 | |||
| Lake Village | 1 | $461,500 | $461,500 | $461,500 | 1235 | |||
| Upper & Lower Lakeridge - LT | 2 | $1,998,000 | $999,000 | $999,000 | 168 | |||
| Sub Total | 5 | $2,934,500 | $586,900 | $461,500 | 343 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 3 | $671,500 | $223,833 | $239,000 | 307 | |||
| Mid Kingsbury | 2 | $994,500 | $497,250 | $497,250 | 40 | |||
| Skyland/Tall Pn/Snug Harbor | 1 | $895,000 | $895,000 | $895,000 | 321 | |||
| Upper & Lower Lakeridge - LT | 1 | $499,000 | $499,000 | $499,000 | 215 | |||
| Logan/Cedarbrok | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 928 | |||
| Lakefront Propt | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 970 | |||
| Sub Total | 9 | $10,750,000 | $1,194,444 | $499,000 | 381 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Lake Village | 2 | $604,000 | $302,000 | $302,000 | 103 | |||
| Zephyr Cove | 1 | $799,900 | $799,900 | $799,900 | 894 | |||
| Sub Total | 3 | $1,403,900 | $467,967 | $305,000 | 367 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 2 | $334,000 | $167,000 | $167,000 | 493 | |||
| Upper Kingsbury | 2 | $2,429,900 | $1,214,950 | $1,214,950 | 200 | |||
| Mid Kingsbury | 1 | $399,000 | $399,000 | $399,000 | 229 | |||
| Lower Kingsbury | 1 | $239,000 | $239,000 | $239,000 | 158 | |||
| Kahle Park | 1 | $279,000 | $279,000 | $279,000 | 367 | |||
| Round Hill | 2 | $874,000 | $437,000 | $437,000 | 97 | |||
| Zephyr Heights/Knolls | 2 | $2,109,000 | $1,054,500 | $1,054,500 | 240 | |||
| Sub Total | 11 | $6,663,900 | $605,809 | $399,000 | 256 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| Summit/Tahoe VL | 23 | $4,807,750 | $209,033 | $170,000 | 173 | |||
| Upper Kingsbury | 6 | $4,803,900 | $800,650 | $356,500 | 232 | |||
| Mid Kingsbury | 6 | $3,168,386 | $528,064 | $482,000 | 314 | |||
| Lower Kingsbury | 3 | $1,149,900 | $383,300 | $340,000 | 120 | |||
| Lincoln Park | 1 | $450,000 | $450,000 | $450,000 | 174 | |||
| Lake Village | 6 | $2,143,900 | $357,317 | $324,000 | 53 | |||
| Round Hill | 7 | $5,327,250 | $761,036 | $456,000 | 148 | |||
| Pinewild/Marla | 3 | $1,555,000 | $518,333 | $500,000 | 250 | |||
| Zephyr Heights/Knolls | 4 | $2,115,400 | $528,850 | $517,000 | 330 | |||
| Skyland/Tall Pn/Snug Harbor | 2 | $1,311,000 | $655,500 | $655,500 | 190 | |||
| Upper & Lower Lakeridge - LT | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 59 | |||
| Cave Rock | 2 | $2,022,000 | $1,011,000 | $1,011,000 | 531 | |||
| Glenbrk/Uppaway | 4 | $7,975,000 | $1,993,750 | $1,725,000 | 315 | |||
| Lakefront Propt | 3 | $16,000,000 | $5,333,333 | $4,550,000 | 655 | |||
| Sub Total | 71 | $53,929,486 | $759,570 | $400,000 | 224 | |||
Comments
Got something to say?